Relax Longs Thesis is intact I Posted the below information late December when WTI was around $65.00 and all the same group of shorts or paid bashers were calling for the sky to fall
medium and long term catalysts are ALL in play and point to higher demand and tighter supply
1) Opec is in control of price globally.
2) CAPEX for oil exploartion and development is depressed limiting supply medium and long term
3) oil demand is already near pre covid levels and is increasing medium and long term as well
4) oil equities are at historically low valuations...this could chnage to the upside
5) Free Cash flow at $65 plus oil is huge $$$$$$ for Canadian oil companies
6) the market in general will be looking past Omicron for a reason
7) companies are either paying down debt/buying back shares and or increasing dividends
8) oil storage levels are falling
...all above points suggest higher share prices in the future ...maybe not tomorrow ( as some seem to be focused only on the day to day girations ) but in the medium and long term there will be positive momentum
BTE is up from 66 cents to $3.66 in one year ( where is it now ?)...do the math on that and perhaps you won't call a stock with that performace a DOG ...and stop whining about your losses to date ..be patient and stop talking down a stock that is a clear uptrend
The last paragraph applies to many names BSW has identified ...put them on ignore
Nothing has changed re the thesis
C